Elizabeth Warren pushes back on plan to get private equity into 401(k)s

[cadoman]

2. it'd be tremendously beneficial for people to be able to disconnect from 401k/IRA middlemen

And just have accounts where they wanted. Tell your employers where to put the $ when you sign on. (i.e. the account resides with the beneficiary rather than the company)

There are a lot of subpar providers with high expenses & fees, and limited offerings. Money goes in and disappears because many fail to navigate the paperwork.

Don't think that's what's being discussed here though.